WeissLaw LLP Investigates Virginia Commerce Bancorp Inc Acquisition

WeissLaw LLP announced that it is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Virginia Commerce Bancorp, Inc. (Virginia Commerce or the Company) arising from its agreement for Virginia Commerce to be acquired by United Bankshares, Inc. (United) in an all-stock transaction valued at approximately $490.6 million. Under the terms of the proposed transaction Virginia Commerce shareholders will receive 0.5442 shares of United`s shares for each share of Virginia Commerce owned, for an approximate value of $14 per share. WeissLaw LLP is investigating whether Virginia Commerce`s Board acted in the best interests of its public shareholders by actively shopping the Company to maximize shareholder value for Virginia Commerce`s public shareholders, prior to entering into the proposed transaction with United.